Service Properties Trust (SVC) 10-Q 2004 Q2 Quarterly report

EXHIBIT 12.2

HOSPITALITY PROPERTIES TRUST

COMPUTATION OF RATIO EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DISTRIBUTIONS

(IN THOUSANDS, EXCEPT RATIO AMOUNTS)

	Six Months Ended June 30,						Year Ended December 31,
	2004			2003			2003			2002			2001			2000			1999
Net Income	$	60,528		$	63,184		$	238,213		$	142,202		$	131,956		$	126,271		$	111,929
Fixed charges	25,245			20,402			44,536			42,424			41,312			37,682			37,352
Adjusted Earnings	$	85,773		$	83,586		$	282,749		$	184,626		$	173,268		$	163,953		$	149,281
Fixed Charges and Preferred Distributions:
Interest on indebtedness and amortization of deferred finance costs	$	25,245		$	20,402		$	44,536		$	42,424		$	41,312		$	37,682		$	37,352
Preferred Distributions	5,846			7,390			14,780			7,572			7,125			7,125			5,106
Combined Fixed Charges and
Preferred Distributions	$	31,091		$	27,792		$	59,316		$	49,996		$	48,437		$	44,807		$	42,458
Ratio of Earnings to Combined Fixed Charges and Preferred Distributions	2.76		x	3.01		x	4.77		x	3.69		x	3.58		x	3.66		x	3.52		x

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